Sugar Wood
Early Stage
NYC's naughtiest dessert brand goes national
Overview
Raised: $50,850
Total Commitments ($USD)
Platform
Republic
Start Date
03/04/2024
Close Date
04/20/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$300
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$7,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,105
# of Investors
35
Momentum
Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Sugar Wood, with a valuation of $7.5 million, is raising funds on Republic. It is a naughty dessert brand in New York City’s vibrant neighborhood. Sugar Wood makes naughty waffles, cheeky popsicles, chocolate bars, and scandalous cookies and is a champion of inclusivity and sex positivity. The business has been featured in Out Magazine, NY Post, Bravo, and Elvis Duran and has generated $600,000 in revenue in the first 18 months. Austin Allan and Michelle Muller founded Sugar Wood in February 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for PR and marketing, legal and accounting fees, franchise and location expansion, staff and personnel, offsite manufacturing exploration, and product packaging development.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$185,105 |
$0 |
|
COGS |
$51,985 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-235,611 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$48,673 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$619,262 |
$0 |
|
Short-Term Debt |
$45,103 |
$0 |
|
Long-Term Debt |
$808,293 |
$0 |
|
Total Liabilities |
$853,396 |
$0 |
Financials as of: 03/04/2024
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